A decade ago, penthouses were fashioned as bungalows in the sky. The higher the altitude and the bigger the penthouse, the loftier the price per square foot. The period after the global financial crisis marked an era in which luxury came with smaller spaces and more palatable price tags.

A noticeable uptick occurred in the first quarter ended March 31, 2016, when the market cap of local REITs rose 7.4% to RM26.57 billion.

Overall, capital values in Jalan Ipoh have grown slightly. The highest relative price growth was at Pelangi Indah, with the average price up 23.9% y-o-y to reach RM276 psf in 1Q2015. This was followed by Permai Ria Condominium (up 21.2% to RM304 psf) and Sri Intan (up 20.1% to RM316 psf).

The island is resilient. Every time someone thinks it is going into decline, it reinvents itself.

Cradled by windswept coastlines, Spain has long drawn attention for its cultural heritage and art. Home to legendary artists Salvador Dali and Pablo Picasso, its music, fiestas and flamenco dancers are known the world over.

As a mature neighbourhood, most of the homes are dated, affordable and mid-end ones, except those in Sentul West.

AmProp’s Tokyo property portfolio further reinforces our view that management will continue to create value for shareholders.

The youth wing of the Real Estate and Housing Developers’ Association, better known as Rehda Youth, organised its seventh Green Tour on March 9.

Flanked mainly by old shop houses, Jalan Ipoh is reminiscent of bygone days. As one of the oldest roads leading to Kuala Lumpur’s city centre, the area is fairly mature with limited empty land left.

In the office market, negative impact will largely be on older office stocks in Kuala Lumpur (40% of the stocks at 15 to 20 years old), as we expect a migration of tenants to newly completed offices. On the retail front, the bulk of the incoming and planned supply (12.5 million sq ft) in the Klang Valley is mostly concentrated in suburban Kuala Lumpur and Selangor (from 2016 to beyond 2018).